title retention

the holding of title by a seller after possession has been given to the buyer. In the law of sale, property on goods and chattels passes on delivery and, in the absence of specific terms in the contract to the contrary, does so even where the purchase price has not been paid or has not been paid in full. Title retention is intended to secure the vendor's position (especially against the possibility of the purchaser's creating mortgages or charges over the goods that would take priority over the rights of the unpaid vendor) by postponing the moment when property passes to the purchaser until such time as the purchaser's outstanding debt to the vendor has been paid off. In modern law there are two principal title retention techniques: hire-purchase and conditional sale (conditional sale agreement), and Romalpa clauses.

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Title retention clause — A retention of title clause (also called a Romalpa clause in some jurisdictions [Named after the decision in Aluminium Industrie v Romalpa [1976] 1 WLR 676] ) is a provision in a contract for the sale of goods that the title to the goods remains… … Wikipedia

title retention note — A note given by the purchaser of property, one of the terms of which provides for the retention of title in the seller until payment of the note. 11 Am J2d B & N § 202 … Ballentine's law dictionary

title financing — a form of lending over goods One of the defects of the law governing the creation of security rights over goods and chattels is the requirement that for the security to be validly constituted, either the cumbersome registration procedures must be … Law dictionary

Retention of vision vanish — In the Retention of Vision Vanish, the magician places a coin or small object between the fingers and the thumb of the right hand. The left hand is palm up with the palm slightly tilted towards the audience. The right approaches and displays the… … Wikipedia

title — A mark, style, or designation; a distinctive appellation; the name by which anything is known. Thus, in the law of persons, a title is an appellation of dignity or distinction, a name denoting the social rank of the person bearing it; as duke or… … Black's law dictionary

Retention and protention — are key aspects of Edmund Husserl s phenomenology of temporality. Our experience of the world is not of a series of unconnected moments. Indeed, it would be impossible to have an experience of the world if we did not have a sense of temporality.… … Wikipedia

retention of title — A seller of goods will often wish to retain ownership of goods until the money for those goods (or even all money owed to him by the buyer) has been paid. In addition he may seek to recover possession of the goods if the buyer becomes insolvent… … Law dictionary

Title 15 of the United States Code — outlines the role of the commerce and trade in the United States Code.Notable legislation in the title includes the Federal Trade Commission Act, the Clayton Antitrust Act, the Sherman Antitrust Act, the Securities Exchange Act of 1934, the… … Wikipedia

Title 21 CFR Part 11 — of the Code of Federal Regulations deals with the FDA guidelines on electronic records and electronic signatures in the United States. Part 11, as it is commonly called, defines the criteria under which electronic records and electronic… … Wikipedia